Pensions Reform

I thank my right hon. Friend for his support, and pay tribute to the work done by him and others in highlighting the predicament in which many pensioners found themselves when their insolvent employers’ pension schemes collapsed. I am truly grateful for the work he has done. My right hon. Friend’s constituents need do nothing. They will be informed of their entitlement under the new arrangements. As I said earlier, I think that we need to improve the operation of the financial assistance scheme, and we will present proposals on that shortly.